Business, international

U.K.'s Virgin Mobile, NTL to merge

Article Abstract:

NTL Inc. of the United Kingdom is to merge with Virgin Mobile Holdings PLC also of the United Kingdom for 962.4 million Pounds ($1.67 billion). The telecommunications giant created will be the first quadruple service, offering cellphone service, fixed line telephone, high speed internet and cable television. The new company will use the Virgin brand.

NTL to replace Duffy as CEO, revises merger

Article Abstract:

Chief Executive Officer Simon Duffy of NTL Inc. is resigning with Stephen Birch from Comcast Corp. coming in to replace him. The British cable operator is looking to add mobile phones to its list of products and services with an offer of a merger from Virgin Mobile Holdings PLC.